What it means: The Small Business Rundown podcast features experts who discuss a recent small business win in Alabama and the latest legislative activity to fight rising credit card swipe fees.
Listen now: Listen to the most recent episode of the Small Business Rundown for updates on swipe fee legislation.
Each year, small businesses are saddled with billions of dollars in credit card swipe fees, making them one of the top overhead costs for owners. Without competition, credit card processing companies have monopolized the market and continuously punished small businesses and consumers with rapidly rising swipe fees. Experts on the Small Business Rundown cover legislative developments to support competition in the marketplace.
The podcast explores:
- A recent small business win in Alabama
- State and federal advocacy efforts
- Legal challenges
- The Credit Card Competition Act
Small businesses are forced to either pass swipe fees on to consumers or eat the cost, inflating the price of goods and services while actively harming small businesses nationwide. Injecting competition into the marketplace will give small business owners the freedom to choose their processing network and help fight rapidly increasing swipe fees.
Take Action: Tell Congress how credit card swipe fees impact your business and encourage credit card competition!
NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.
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